This is part 2 of my progress using profitTrailer trading Cryptocurrency in 2019. Is automated trading working? Let us find out.

Part 1 is here: Crypto Trading With ProfitTrailer Bot Part 1

Disclaimer: Some of the links in this article/post contains affiliate links to their products.

Table Of Content – Click on the links below to go directly to the weeks results.

ProfitTrailer Results Week 13 Of 2019

Monday 25th Of March

In this type of market is not easy finding a strategy that is profitable. I am in the red. Not by much but including fees it is starting to add up.

Many of my buys have gone to dust. Now I have 26 coins in the dust. The irony is that I am making a profit on them.

I see no reason to increase the minimum buying as long as I am not winning. Once I have a more solid strategy and bull market I will increase the number of pairs and minimum buy-in.

ProfitTrailer Settings:

  • 15 min timeframe
  • EMA: 8/13
  • Bollinger Bands buy zone: 15 & -2 
  • RSI: 70-65
  • Past Daily Candle

Results in BTC:

  • Bought Cost 0.33669010
  • Sold Value 0.33641689
  • (-0.08 %) Difference -0.00027320
Overview ProfitTrailer Trades 25th Of March

ProfitTrailer Results Week 14 Of 2019

Tuesday 2nd Of April

A massive spike in Bitcoin today. I cannot remember the last time we had a 15% increase on the daily candle.

This is good news if you are (day) trading directly on an exchange.

It is not good news if you are running a bot and your pairing is in BTC. That is my pairing. All coins I was holding sold off for losses as (most) altcoins dumped massively compared to BTC.

This is dejavu from early 2018 when I encountered the same problems. Because of this, I am changing the pairings to USDT for the next couple of weeks.

During my 1 month of testing, I went from being up about 7% to just about ending up with a minor deficit. Se below for more details.

The real take away from running the bot so far is:

  • Do not trade many pairs if you are running BTC pairings. Many will sell off if Bitcoin goes on a run as BTC dominance increases.
  • Set a stop loss! Don’t hold bags.
  • Don’t combine more than 2-3 indicator in your buy strategy. I have tried it (5 indicators) and it quickly gets complicated and messy.

ProfitTrailer Settings:

  • 15 min timeframe
  • EMA: 50/200

Results in BTC:

  • Bought Cost 0.37918546
  • Sold Value 0.37853220
  • (-0.19 %) Difference -0.00065325
ProfitTrailer trades overview_2nd_april

ProfitTrailer Results Week 15 Of 2019

Wednesday 10th Of April

As I previously mentioned I changed the pairing from BTC to USDT. I did that after the recent spike in Bitcoin. I also made a modification to the timeframe. From 15min to 30min.

After I changed it most coins had already pumped so I am going to have to take the drawdowns on the chin. I have already had losses on most of my recent trades, which I expected.

As of writing, I am down 2.4% having traded just over 200 USD.

It is inevitable that you will end up in choppiness and whipsaw action on the shorter timeframes. Based on my 2 months of experience of running the bot, it is not sustainable to run ProfitTrailer on a shorter timeframe than at least 30min.

Ideally, if I had the patience I would run the bot on the 4-hour timeframe.

Never the less. The settings below will run for a couple of more days and I will make a decision of what to do next. If I am not profitable in a market that is trending upwards then the conclusion will be pretty simple. We will see.

ProfitTrailer Settings:

  • 30 min timeframe
  • EMA: 50/200
  • RSI: Below 70 to initiate a buy

Results in USD:

  • Bought Cost 208.06 USD
  • Sold Value 203.06 USD
  • (-2.40 %) Difference 4.99968 USD
Overview_10th_April_ProfitTrailer_Trades

ProfitTrailer Results Week 16 Of 2019

Saturday 20th Of April

Not a lot to report from the last week. There have been no movements in BTC so the bot is not making any trades.

As a matter of fact, it has only made 3 trades in one week.

The last 2 weeks I traded with USDT as the base pair but those results were worse than using Bitcoin as a base pair. If BTC does not move, nor do any of the altcoins.

There will be an update once there is some volatility.

From now on the logging of sales will be shown as monthly profits.

ProfitTrailer Settings:

  • 60 min timeframe
  • EMA: 50/200

Monthly Results In BTC:

Month Sells Profit Profit %
Apr 2019 5 0.0000003 0.00%
Mar 2019 216 0.0018052 0.64%
Feb 2019 56 0.0013082 1.58%

ProfitTrailer Results Week 17 Of 2019

Sunday 28th Of April

The bot is still trading but most trades are losses.

Bitcoin might be slowly grinding upwards but most altcoins are being demolished. That begs the question, is there any point of running a bot?

Short answer. Not really.

My losses are small and more or less meaningless considering each buy-in is around 0.0013 BTC.

What I am trying to figure out what kind of strategy has the most potential, so when the market finally turns around I can up the buy-in.

Currently, I am testing STOCH RSI. There are a few things I am sorely missing as a feature in PT when running this strategy. Buy on candle close and price direction.

  • The first problem I have with STOCH RSI is that you get so many false crosses. The bot will buy a coin on a cross, but that might turn out to be false as the price drops before the candle closes. Hence, the cross never happened and you have to rely on a stop loss to be safe.
  • The second problem is the direction. You can use indicators like STOCH RSI K and D but you can only choose to buy when it is in the region of a set value, for example, less than 30 or between 40-50 etc. But which way is the price direction going? Up or down? You need more indicators to figure that out. Which means more clutter and mess.

However, as I understand it, more indicators will be released in future updates of PT which will give us more options and flexibility.

As you can see from the results below, April will also be a red month.

ProfitTrailer Settings:

  • 60 min timeframe
  • STOCH RSI

Monthly Results In BTC:

Month Sells Profit Profit %
Apr 2019 109 0.0014859 0.93%
Mar 2019 216 0.0018052 0.64%
Feb 2019 56 0.0013082 1.58%

ProfitTrailer Results Week 18 Of 2019

Saturday 4th Of May

I ran STOCH RSI for a week or so but as I previously wrote, there are so many false signals and I ended up with the stop loss being hit on many of the coins.

The current strategy is SMA.

Looking at my latest 25 trades there are 2 green and 23 red in the sales log.

The problem is the altcoins are being slashed not matter what way Bitcoin moves. Still, I am running the BTC pairing but will make some adjustments regarding what coins the bot is buying.

As of writing it will buy every coin over > 200k volume. I will change that to the most reputable coins like Litecoin, Ethereum, EOS etc.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC:

Month Sells Profit Profit %
May 2019 20 0.0010657 3.72%
Apr 2019 129 0.0014859 0.89%
Mar 2019 216 0.0018052 0.64%
Feb 2019 56 0.0013082 1.58%

Sunday 5th Of May

Yesterday I took a bit of a closer look at how altcoins are performing vs BTC, and I made a pretty quick decision to change the basepair to Tether, USDT.

There was not much of a choice as the bot was losing almost on every single trade.

Considering the ongoing issue with Bitfinex and Tether it might not be the wises thing to do. I would not recommend anyone else doing it but I am risking a small amount which I can afford to lose.

All the stable coins, USDT, USDC, PAX etc are moving with Bitcoin which should provide some more steady results.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
May 2019 7 4.1 $ 3.64%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 19 Of 2019

Sunday 12th Of May

Changing to USDT was a smart decision.

The bot is currently trading 8 pairs with the biggest gain of 25% on Bitcoin Cash.

This means it is time to up the stakes from minimum buy-in to whatever I can afford.

Bitcoin has really shot through the resistance levels at around 6K. The altcoins have just started to move up. Now is the time to run a bot!

This could mean that there might be some exciting times ahead for us who are in automated trading.

As of now, I am very satisfied with ProfitTrailer, it is stable, no disconnects and I don’t need to check it multiple times per day.

Once the pairs I am holding sell off I will be in the green and making money.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
May 2019 26 2.08 $ 0.64%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 20 Of 2019

Friday 17th Of May

What a week this has been!

My compound interest for the last seven days is at 6%. If only that could continue.

Results like these are few and far between. Bitcoin was leading the market and the altcoins followed. I had a 36% gain on Ethereum!

Ontology and Bitcoin Cash also yielded some amazing results.

It will be interesting to see what happens next, it seems like BTC is more in a dump than consolidation. I will probably suffer some 2-5% losses if we enter choppy action.

That really does not matter as you have to be ready for these pumps which will gain you more than the losses on average.

I think I have proven that a simpler strategy is more effective than throwing a lot of indicators on the bot. SMA is working really well.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
May 2019 49 19.24 $ 2.92%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 21 Of 2019

Sunday 26th Of May

Disappointing results the last week. Would have made a decent chunk on Litecoin if everything had gone to plan. It didn’t.

The bot/Vps had some issues and Profittrailer didn’t buy a single pair on the latest move upwards.

A bit annoying but that is how it is.

Apart from that, there is nothing to report. Still waiting for BTC to make a move from the tightening range it is in.

*UPDATE

I am currently not running the bot. The issue is the Buy Strat Value not updating. I have logged it with PT and hopefully, it gets resolved soon.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
May 2019 80 15.85 $ 1.28%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 22 Of 2019

Tuesday 28th Of May

The problem I recently had was not related to the bot. It was an issue with Binance websockets.

Not ideal as I missed the entire bull move from last Sunday which would have included a 20% move on Tron (TRX).

Anyway, this is something that we can not control so instead of feeling annoyed and irritated it is better to just get on with it.

May has been good with winning results.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
May 2019 86 14.92 $ 1.14%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 23 Of 2019

Wednesday 5th Of June

The last week has not been too good. Ended up losing quite a bit with that quick correction when Bitcoin hit 9000 and dumped quickly.

As of now, we are in a downtrend and I have suffered a few other small losses.

I ended up just about even in May, made a small profit.

Still running the same strategy as mentioned below which works pretty well.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
June 2019 18 6.25 $ 2.02%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 24 Of 2019

Sunday 16th Of June

The last week has been going very well. Just about up to 170$ again.

This strategy is pretty decent. I am sure there are better ones out there but I am getting good results.

It could have been better since bitcoin is just steady grinding upwards and the altcoins that I am trading are lagging behind. There are no equilibrium breakouts, they just seem to pump out of nowhere.

Will do a video update soon.

Results below.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
June 2019 66 8.23 $ 0.72%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 25 Of 2019

Saturday 22th Of June

Trading is going very well today! With BTC around 10000-11000 USD some of the altcoins have finally started to move.

A couple of weeks ago I mentioned that I was going to trade with more capital. It is a good thing I am risk-averse as the altcoins have been slow to react.

I think that it might be similar to 2017. Bitcoin pumps first to create liquidity for the altcoins. This could play out for another couple of weeks/months before we see some really significant movement from any other coin that Bitcoin, BNB and LTC.

I posted a video here from this week’s trades: https://youtu.be/F_2hT8R88Uw

  • The stats are a bit different from now on since ProfitTrailer recently updated their stat page. See video for more info.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
June 2019 100 7 $ 0.34%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 26 Of 2019

Saturday 29th Of June

This week I was up to 185 USD but after the massive 20% drop I am right down to 170 USD again.

This seems to be a repetitive pattern when trading the altcoins.

There really is not a lot more to update. Hopefully, there will be some movement in some of the altcoins that stick.

As it is now, we are going up, then right back to start again.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
June 2019 133 9.8 $ 0.63%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 27 Of 2019

Sunday 7th Of July

A quick update. If I was smart I would pause the bot while we are in this tightening range for Bitcoin. However, I am running this project to see how much I make or lose in one calendar year.

This week I have had small losses on most trades. My current balance is 163 USD. Not much to do about that as the top altcoins mirror Bitcoin’s moves.

One feature I have been missing in this bot is the ability to take percentages profits. For example, sell 50% if the initital investment is 1% in the green. It looks like this feature might be implemented in version 4. Here are the votes so far in Discord.

Same settings as previously. I don’t see any reason to change it, yet.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
July 2019 26 3.4 $ 0.7%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 28 Of 2019

Thursday 11th Of July

Solid dump!

I got off pretty well, PT was only trading 3 pairs at the time of the dump.

The bigger problem was that it had just initiated the buys a few hours earlier so the SMA trajectory was heading upwards.

I got off with a 5% loss on all 3 pairs. DASH was only a partial sell so I am stuck with a bag there.

Not a lot has happened this week. Balance with dust is at 163 USD.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
July 2019 50 3.1 $ 0.35%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 29 Of 2019

Thursday 18th Of July

What a mess!

Many of the altcoins I have been trading have seen a drop of 30-40% since the last update! Crazy swings.

This week has been blood red, of course. My capital was almost back to start at 147 USD thanks to DASH which ended up with 3 partial sells. Complete disaster.

I have removed DASH from the coins the bot is trading (Granted, the timing of the drop is the reason why I am scaling back on number of coins).

Since the swings in Bitcoin are so wild and sudden, using a moving average indicator on a relatively short time-frame (1 hour) is a problem. I have ended up buying the top and selling the bottom.

After removing DASH I am now at a total of 7 trading pairs that are all in the top 10 in terms of volume.

Did a few changes this week.

  • Edited the SMA strategy to 14/24.
  • Set a take max profit at 1.2% (until the new feature of Take profit at % levels is relased).

Current Balance: 155 USD.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 14/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
July 2019 79 11.8 $ 0.80%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 30 Of 2019

Tuesday 23rd Of July

It happened again. Bought the top – sold the bottom!

Tough week. Recovered some of the losses from last week but then lost most of it back on the head and shoulders pattern that Bitcoin was forming and the subsequential leg down.

Yesterday all seven trades were in the red. Lost most on NEO and Ontology at around -6%.

There is currently not a lot I can do in terms of strategy but the ability to take profit at certain percent levels will help a lot. Hopefully version 2.4.0 of PT is released in the coming weeks.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 14/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
July 2019 94 14.9 $ 0.92%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Sunday 28th Of July

Making money in a bearish market.

Delighted to say that my take profit setting is working quite well.

Yesterday, when there was a sudden sell off on Bitcoin, the bot had already sold all 7 pairs that I am trading for a total gain of just about a 9%.

If I had not implemented the take profit feature I would have suffered a 5%-8% loss on each coin. That probably would have left me under 147 USD which was my starting capital.

Current balance : 156 USD.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 14/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
July 2019 112 10.8 $ 0.56%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 31 Of 2019

Saturday 3rd Of August

Breaking even.

Break even results the last week. That is due to some luck as a few of the coins crossed the treshold of 1.2% take profit level before going in the red.

As of writing it looks like the bot has bought the top on most coins and Bitcoin is going down so I expect the altcoins to follow. This might be a red week.

July was a slow month, but after holiday season it should pick up. We will see.

PT has been running stable for a month, no issues at all. There are many trading bots in crypto these days but ProfitTrailer is more hands on as far as I can tell, it gives you more control, which I like.

It is the same with the VPS I am running from Virmach. I pay 7 USD per month and I doubt you can get a VPS for much cheaper.

So there is only one thing missing, trying to figure out how to make it (more) profitable. I have a few ideas and it will be interesting to see how to coming months unfold.

*I just posted a video here summarizing the latest results.

Current balance : 156 USD.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 14/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Aug 2019 6 0.3 $ 0.29%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 32 Of 2019

Wednesday 7th Of August

All green and making making progress.

Contrary to what I thought in my last post of week 31, all the latest trades have been in the green.

We are making progress, not big steps forward but all that matters is that the wins outweigh the losses.

Changes to balance and trading pairs:

  • Added another 83$ to the balance. The total starting balance is 230$.
  • Removed Ontology from trading pairs so ProfitTrailer is now trading a total of 6 pairs.

A couple of hours after I increased my trading balance there was another big selloff in Bitcoin. As you know this also means the altcoins drop even more than BTC.

These selloffs has caused me some problems of late. The bot is now trading 4 coins which is about to sell for a 2-3 percent loss on each one.

Let us hope for a pullback to cut the losses or to even make a small gain.

Current balance : 236 USD.

ProfitTrailer Settings:

  • 60 min timeframe
  • SMA 14/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Aug 2019 20 1.1 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Saturday 10th Of August

You do not want to trade in this market.

How do you make a profit when there are 10% drops in the coins you are trading?

Well, you dont. Unless you are a bear and betting on the price going down. The last few days have been a sobering realization that this market is unforgiving.

In addition to the frustrations of losing, the SMA 12/24 strategy gets a thumbs down. Having tested it for a couple of months, the conclusion is that it will get you REKT.

So what do you do?

The EMA 12/24 will do a lot fewer trades and also avoiding buying the tops when the altcoins are in freefall. The bot will run this strategy the next couple of weeks, and fingers crossed, it will be the correct decision.

The biggest loser of the latest trades was Bitcoin Cash, a 5% loss. The rest were 1% – 2% losses.

ProfitTrailer Settings:

  • 60 min timeframe
  • EMA 12/24

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Aug 2019 31 2.9 $ 0.44%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 33 Of 2019

Wednesday 14th Of August

Steady the ship and stop the rot.

We are OK with this. You don’t expect big wins when each project that you are trading is plummeting down. We have managed to break even in a market where some coins are heading for all-time lows. Now, that is a big achievement.

As mentioned, the bot is running the EMA strategy and I have just compared it to the SMA results since last Saturday.

And guess what?

Good news. The SMA would have made more trades. More importantly, it also would have made more losses.

Let us continue this good trend.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Aug 2019 43 2.5 $ 0.22%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Sunday 18th Of August

Blood in the streets, red numbers and apathy.

What can you do? When will it end?

I am back to break-even at 230$. If you are like me, you are pretty frustrated at this point. I advice caution in this type of market, be careful.

The bot is not making many trades, but the trades it does make, are losses.

Bitcoin price has barely moved since August 15th. Then again, it is the weekend and trading is slow.

I admit it. Motivation is low when looking at the red charts. Every day is the same. Groundhog day.

We have been in this nasty choppy action for 72 hours. I am not a professional trader but I do know that automated trading does not work in a market without clear direction.

But, enough with the negativety. The tighter it gets the sooner we will have a move to the upside, or downside.

Let us turn it around and get back to winning ways.

Uploaded another video yesterday with the latest results.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Aug 2019 48 5.8 $ 0.47%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 34 Of 2019

Saturday 24th Of August

Indifferent results in a stagnant market.

You are watching the charts and thinking, MOVE. We are in a equlilbrium and not much is happening. The pitfall for me is that I have been changing strategies, as you would when you are not winning.

I have done a few changes to the EMA, running it at 8/40 based on backtesting in Tradingview. The results have been indifferent, small wins and losses. Current bankroll is at 232$.

The results from last week of trading below.

NB. I looked at the weekly chart for Bitcoin and it does not look good. There is a lot of noise in Cryptocurrency and if you are interested in technical analysis I suggest you follow Peter Brandt on Twitter. He has done TA for a lifetime and got skin in the game.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Aug 2019 66 3.4 $ 0.18%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 35 Of 2019

Saturday 31st Of August

Nothing to see here – Why trade?

Unsurprisingly it has been a losing week. My bankroll is at 227$ – first time I am in the red from my starting capital. As you it has been another [email protected] week in Crypto. Big losses everywhere.

The silver lining is that the bot has not made any trades since the 28th of August. There is not a lot more to say, the market is drop dead boring.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Aug 2019 80 7.2 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

ProfitTrailer Results Week 36 Of 2019

Friday 6th Of September

Some movements in the right direction, finally.

So when Bitcoin goes up, some of the altcoins follow. I am only trading 6 pairs. All in top 10 in terms of volume. It is working relatively well.

This week has been a winning week, all trades are green. This is due to some luck as the bot had some issues with Binance API integration, something that I missed and avoided buying Bitcoin Cash at the top.

My balance is at 229$ – so I am pretty much even.

*I will be starting a new page and follow up this thread. Check back later and I will update with the link.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Sept 2019 14 1.4 $ 0.31%
Aug 2019 80 7.2 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Altcoin Trading Strategy Week 37 Of 2019

Altcoin Trading Strategy

In an infinite equilibrium?

Still waiting for this weekly equilibrium to play out. It might be a couple of more weeks before something happens. In the meantime the bot is still trading and making a small profit. After I changed it to 8/40 on the EMA there is a lot less trades, which is good in this tightening range.

So far, trading only the higher volume altcoins has been the right choice. The lower market cap coins are easier to move and you get sudden spikes and that means the bot is buying the tops. Not good.

My altcoin trading tips are: Litecoin, BNB, Bitcoin Cash, NEO, Tron and Ethereum.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Sept 2019 34 3.4 $ 0.34%
Aug 2019 80 7.2 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Altcoin Trading Strategy Week 38 Of 2019

altcoin trading strategy week 38

What goes up, comes down.

This was pretty good until Friday when it started going south. The bot was making a steady 1.2% on most trading pairs. Of course when coins pump 10-20% it is a bit annoying only taking 1.2% but in the long run I believe it is profitable.

However, since Friday there has only been losses, buying the tops etc. You know how the story goes.

Still, it could be worse. I am only running a small deficit for the entire year. Pretty happy with that considering how the market has been.

No change in the Altcoin trading strategy. Still trading the same 6 pairs. Results below.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Sept 2019 62 4.6 $ 0.25%
Aug 2019 80 7.2 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Altcoin Trading Strategy Week 39 Of 2019

The bot is in sell only mode.

I have stopped the bot, for the time being. There are limitations to what kind of market I am willing to trade in. This is not one of them.

Many of the altcoins are heading for all-time lows. The best course of action is to sit tight and wait for things to change.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Sept 2019 72 3.6 $ 0.18%
Aug 2019 80 7.2 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Altcoin Trading Strategy Week 40 Of 2019

Has altcoins bottomed out?

The bot is still in sell only mode. The quest for easy passive income goes on, endlessly.

I tried some new strategies during the week – it failed, miserably. I will probably leave it in sell only mode until the new version of the bot is released in 1-2 weeks.

Hopefully the timing will be right as I have been looking around at different altcoins. One that has peeked my interest is Stellar Lumens. If you take at look at the weekly chart on tradingview there is definitely some bullish divergence on the RSI indicator.

We need something in this space, every single altcoin has been smashed to pieces sine the start on 2018.

Looking at my six months of automated trading I am in the red, but a little bit more hopeful that things are about to change in the coming months.

The bot will still be trading the top volume altcoins once the new version is released. There is no need to change that strategy.

Monthly Results In BTC & USDT:

Month Sells Profit Profit %
Oct 2019 5 0.1 $ 0.13%
Sept 2019 92 0.9 $ 0.04%
Aug 2019 80 7.2 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Altcoin Trading Strategy Week 41 Of 2019

Implemented take profit arm and trigger, but does it work?

I did not have the bot running during the brief tick to the upside this week. I just started it up again, but it is more for fun. I am not expecting winning results before a shift in the market and the release of the new version.

One feature I implemented is the take profit safety arm and trigger. I have set it to arm at 0.10$ and the trigger at 0.05 which leaves most of my trades breaking even. I haven’t tested it much but  the price has come down to the arm price at 0.10$ on all my trades,  which means it sells just about every coin for the same as I bought it.

I would have made a 1% profit on most trades if I left it out and let EMA cross each other. Then again, I wouldn’t know if I didn’t test it. I need to look further into it as makes no sense to break even in every trade. See image below for more info.

As far as the market goes, altcoins are still not showing much sign of a reversal. There was a nasty sell off on Friday for Bitcoin and altcoins followed as they mimic Bitcoins movements.

Monthly Altcoin Trading Results In BTC & USDT:

Month Sells Profit Profit %
Oct 2019 12 0.1 $ 0.11%
Sept 2019 92 0.9 $ 0.04%
Aug 2019 80 7.2 $ 0.32%
July 2019 129 9.5 $ 0.43%
June 2019 143 11.4 $ 0.47%
May 2019 109 1.45 $ 0.08%
May 2019 20 0.00106 btc 3.72%
Apr 2019 129 0.00148 btc 0.89%
Mar 2019 216 0.00180 btc 0.64%
Feb 2019 56 0.00130 btc 1.58%

Altcoin Trading Strategy Week 42 Of 2019

Bye USDT, hello Bitcoin

A bit of news this week/weekend. Mostly of it is good news.

The good

Profittrailer finally released the new version with some nifty new features. Can’t wait to dig more into the details.

I have been trading the USDT market since this summer and ended up with a small loss. Taking into account the losses and the recent lawsuit againt USDT I have changed the pairing to Bitcoin. Dominance is on the way down so maybe the timing is correct?

The bad

The Cryptocurrency market is still in free fall and bitcoin might head down to 7000$ or 6000$ ? If it does, altcoins will take another beating and I am expecting red numbers.

Here are the recent Bitcoin pairing results, not much to report yet.

Altcoin Trading Results vs Bitcoin:

October Results Bot

Altcoin Trading Strategy Week 43 Of 2019

Do you understand this market?

I don’t.

Weird things happen in Cryptocurrency. I changed the strategy to Bitcoin pairing last week. During the last 24 hours Bitcoin has spiked almost 40%. The general consensus was a move to the downside. So there – the simple conclusion is…?

Ideally, I should only be trading The Bitcoin chart since altcoins react to what BTC does. Then again, it wouldn’t make sense to run this project as it would hardly do any trades.

The bot get a thumbs up. Even though I have seen mostly red numbers the last week, the new version of ProfitTrailer has an abundance of new features. Most notably, the scaling out feature when you are in the green. Here are the new features in version 2.4.

No strategy. I have yet to settle on a strategy and it is difficult to find something that is winning when altcoins are getting slashed versus Bitcoin. I previously traded with EMA and in the long run (a couple of years) it might be profitable, but not on the shorter time-frame.

Right now it is more important to minimize the losses and hope for a bullish scenario in the coming weeks or months.

Altcoin Trading Pairs

  • All coins over 200k trading volume per 24 hours

Indicators

  • EMA Spread
  • Stoch RSI Cross
  • RSI
  • Stoch_K

Altcoin Trading Results vs Bitcoin:

Altcoin Trading Strategy Results Week 43 2019

Altcoin Trading Strategy Week 44 Of 2019

Choices choices choices..

My switch to BTC pairing was short lived. There is no life in the altcoins vs Bitcoin, not even a glimmer of hope.

So what did I do?

Back to USDT. And even though we are in a drawn out equilibrium with zero volatility, the bot has done 119 trades in the last 7 days. Better yet, for a profit of 0.19% which is not a lot but as long as we are in the green, I will take it.

Testing. I need to do some more testing but so far it looks pretty good. The strategy is tested on the 1 hour and 4 hour time-frame. I briefly tested it on the 15 min but that didn’t work and ended up losing.

Trading volume. I am trading all cryptocurrencies that has 24-hour volume over 1.5m USD, which is only 17 coins. Based on that low volume, we can conclude that there is not a lot of interest in this space at moment. But it will change, have faith.

Market

  • USDT

Altcoin Trading Pairs

  • All coins over 1.500.000 trading volume per 24 hours

Indicators

  • EMA Spread
  • Stoch RSI Cross
  • RSI

Altcoin Trading Results In USDT:

Daily stats - automated trading - Nov 2019

Altcoin Trading Strategy Week 45 Of 2019

Green week – so far

A short update. The bot has been trading for a steady profit in November which makes sense as altcoins are free to move while Bitcoin is stable.

Only one red day so far and five winners. The amount of trades has decreased to around 7-8 trades per day.

A winning strategy? Not convinced that this run will last, far from it. A few more weeks of testing and I will know more.

Market

  • USDT

Altcoin Trading Pairs

  • All coins over 1.500.000 trading volume per 24 hours

Indicators

  • EMA Spread
  • Stoch RSI Cross

Altcoin Trading Results In USDT:

Altcoin Trading Results - 6th Nov 2019

New Thread Here

This thread got too long and is moved to Passive Income in Cryptocurrency With a Trading Bot.

Where To Buy ProfitTrailer

You can buy ProfitTrailer at ProfitTrailer.com.

As of writing the price is 499 Euros for the BASIC version. The PRO VPS option will cost you 1149 Euros.

The PRO version includes a pre-installed ProfitTrailer bot running on a Virtual Private Server (VPS). It means that it is hosted in the cloud and not on your computer.

The 499 Euros version should be sufficient for most. It does not include 3rd party tools like PT Tracker or PT Notifications. You have to set up the bot and configure it your self.

As for hosting I am using the 1GB VPS from Virmach which is available for 5 USD per month.

If you are a beginner I suggest you get help and advice in their Discord community. You can also contact me here and I will do what I can to help you out.